RH (RH) Expected to Announce Quarterly Earnings on Wednesday

RH (NYSE:RH) is projected to release its earnings data before the market opens on Wednesday, March 26th. Analysts expect RH to post earnings of $1.90 per share and revenue of $828.21 million for the quarter.

RH Trading Up 3.5 %

Shares of NYSE RH opened at $242.24 on Monday. RH has a one year low of $212.04 and a one year high of $457.26. The business has a 50-day moving average price of $353.74 and a two-hundred day moving average price of $352.33. The firm has a market capitalization of $4.51 billion, a PE ratio of 69.61, a PEG ratio of 2.65 and a beta of 2.50.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RH. Guggenheim raised their price target on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Finally, Wells Fargo & Company reduced their price objective on RH from $500.00 to $375.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $412.44.

Insider Buying and Selling

In other news, CAO Christina Hargarten sold 5,280 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the sale, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward T. Lee sold 600 shares of RH stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is currently owned by insiders.

About RH

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.